ALOHA
OVERVIEW
Overall, the inventory continues to rise, albeit slightly, and the sales
numbers are staying fairly close to the same in number as the prior update. We
continue to see more price reductions and slightly longer days on market for
the most desirable of properties. However, for many aggressively and
correctly priced properties sellers are receiving multiple offers in the first
few days. This is particularly evident for vacation rent-able fee simple
condos with 1 or more bedroom offered under $600,000. Inventory of homes
remains low in high demand areas like Princeville and Kalaheo. As we head into
fall, we will get to watch the unfolding of the market in real time as interest
rates continue to run high, inventory overall is low, and mainland markets
overall are seeing more rapid changes. Please contact me today for an update specific
to your property sale or buying preferences. Mahalo, Jamie
Let’s
talk about the market on MLS…
For active listings (homes, land, and condos), today we have a total of 262.
Of those, there are 115 homes, 65 condos, and 87 land listings on MLS
today
As of September 12, 2022, in the past month….
85 listings SOLD/CLOSED: 36 residential, 37 condo, and 12 land
listings.
For those checking the math, some listings fall
into more than one category…
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